Goodman Group, Australia's largest listed industrial property group, says its wholly owned North American subsidiary, Goodman Birtcher, has received approvals for the development of a proposed $350m logistics center in Linden, N.J. The project is part of the recently announced $1.4bn development pipeline in the key U.S. logistics markets of California, Pennsylvania and New Jersey.
Importers and exporters were holding their collective breath last week, praying that negotiations for a new West Coast longshore labor contract wouldn't result in a temporary shutdown of the ports. But service providers were just as concerned about what happens if they stay open.
China Railway Corporation (CRC) will launch six express trains for an e-commerce logistics service on July 1, which will connect four first-tier cities, China National Radio reported.
China's regulators have blocked the P3 mega-alliance between Maersk, MSC and CMA CGM on the grounds that it infringes the country's competition laws between Asia and Europe, particularly with respect to the lines' combined market share of 46.7 percent. The law enforcers appear to believe that the cost reductions gained by the P3 carriers would either have been offset by this unacceptably high risk of market concentration, or would not have been passed back to shippers satisfactorily. Where to now?
The Transported Asset Protection Association (TAPA) launched what it calls the most comprehensive supply chain security standards in TAPA's 17-year history to combat increasingly sophisticated thefts.
Total U.S. business logistics costs in 2013 rose to $1.39tr, a 2.3 percent increase from the previous year, according to the 25th Annual "State of Logistics Report" released by the Council of Supply Chain Management Professionals and presented by Penske Logistics, at a press conference at the National Press Club in Washington, D.C. Logistics as a percent of U.S. gross domestic product declined for the second year in a row, indicating that the logistics sector is not keeping pace with the growth in the overall economy.
Freight trains, carrying critical business supplies into major cities in the UK, may start rolling again for the first time in over 20 years, following a test train from Rugby to London's Euston Station on June 5, which the operator claims delivers a faster service, and potentially saves thousands of tonnes of carbon emissions compared to that of road haulage.
BNSF will spend $5bn on infrastructure this year, topping its record $4bn investment last year, says Steve Bobb, chief marketing officer. In addition to maintaining and improving service and capacity, BNSF will invest in logistics hubs and other future-focused infrastructure.
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